LSV Asset Management
 | |
| Type | Private |
|---|---|
| Industry | Investment Management |
| Founded | 1994 |
| Founders |
|
| Headquarters | 155 North Wacker, Chicago, Illinois, U.S. |
| Key people | Josef Lakonishok (CEO) |
| AUM | US$96 billion (June 2024) |
| Owners | SEI Investments Company (39%) Josef Lakonishok (25%) |
Number of employees | 43 (2024) |
| Website | www |
| Footnotes [1][2] | |
LSV Asset Management (LSV) is an American quantitative investment management firm headquartered in Chicago. The firm provides equity management services for institutional investors.
Background
[edit]LSV was founded in 1994 by Josef Lakonishok, Andrei Shleifer and Robert W. Vishny.[2][3][4][5] The three of them were working in academia where they were Professors in the fields of Economics and Finance.[2][3][4][5] Lakonishok is a professor (now retired) at University of Illinois at Urbana-Champaign while Shleifer and Vishny are professors at Harvard University and University of Chicago respectively.[5][6] They focused on the field of Behavioral Finance.[2][3][4][5] LSV is the first letter of each co-founders surname.[6] SEI Investments Company backed the firm in exchange for a 51% stake.[2][4][7][8]
In 2003, Shleifer sold his entire ownership of the firm and retired from firm to focus on his academic career.[4][5] In 2006, Vishny reduced his ownership of the firm to 6% and retired from the firm at the end of 2007.[4][5][9]
LSV is an active manager that uses a quantitative approach to value investing in the stock market.[2][5]
In October 2024, four former executives sued LSV who claim they were deprived of more than $100 million in LSV equity when the firm forced them to sell their equity at a significantly reduced price.[10]
The majority of the firm is owned by current and former employees while a minority stake is held by SEI Investments Company.[2]
References
[edit]- ↑ "Form ADV" (PDF). SEC. Archived (PDF) from the original on January 7, 2023. Retrieved January 7, 2023.
- 1 2 3 4 5 6 7 "HOWARD COUNTY RETIREMENT PLANS" (PDF). Archived from the original (PDF) on December 28, 2021. Retrieved January 7, 2023.
- 1 2 3 "Dailyii.com - How Harvard lost Russia". September 27, 2007. Archived from the original on September 27, 2007. Retrieved January 7, 2023.
- 1 2 3 4 5 6 "LSV locks down funds". Crain's Chicago Business. August 5, 2006. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
- 1 2 3 4 5 6 7 "Using Behavioral Finance to Better Understand the Psychology of Investors". Institutional Investor. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
- 1 2 "Analyze This". Forbes. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
- ↑ Lucchetti, Aaron (December 6, 1999). "SEI Is Building Its Assets; It's Just Hard to Say How". WSJ. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
- ↑ "SEI Investments awaiting payoff from spending on new strategies". Pensions & Investments. December 15, 2006. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
- ↑ "THE PRUDENTIAL SERIES FUND". www.sec.gov. June 20, 2007. Archived from the original on January 7, 2023. Retrieved January 7, 2023.
- ↑ Katz, Michael (October 17, 2024). "LSV Asset Management Sued by Former Execs Over $100M in Lost Equity". Chief Investment Officer. Retrieved April 29, 2025.